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Improve your car-shopping experience with an auto loan calculator

Woman with calculator and pen in hand
    The dealer hands you the keys, you take the wheel and drive off the lot reveling in your shiny new vehicle purchase. What could be better? Knowing you’ve made a great choice for your finances, as well as your driving wants and needs, could make it all the sweeter now and for the years to come. That’s why it’s well worth using an auto finance calculator before you shop. Online tools such as RoadLoans’ affordability and monthly payment calculators give consumers a number of advantages as they search for their next car and the best financing arrangements. Auto… Read More
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Category: Financing

How many years can you finance a new or used car?

Hand holding pen signing car loan contract
    The trend for longer auto loans means some consumers can qualify for financing up to 96 months, or eight years, should they want it. The average loan term, meanwhile, stands at almost 69 months for new and 65 months for used vehicles, according to Experian data for the start of 2019. Rising auto prices and consumer preferences for large, costly SUVs have contributed to this pattern, and increasing the loan term is an effective way of getting an affordable monthly payment. However, while a low car payment is always appealing, it’s not always the best financial move. A… Read More
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Category: Financing

35 used-car bargains to find off lease

Acura RLX sedan
All those drivers leasing vehicles may be doing used-car shoppers a favor. Off-lease vehicles, which typically come onto the used-car market at three years old, are offering some attention-grabbing bargains. Research from iSeeCars.com puts the headlights on price drops of up to 55 percent for such vehicles compared to same-year versions bought new – extending to 69 percent for electrics – in a market where just-leased cars are reaching record highs. If you have a liking for luxury, the news is even better. As many leased vehicles are high-end models, so too are many of these potential bargains. Listed below… Read More
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Category: Car and Driver Tips, RoadLoans News

How RoadLoans works: I got my car loan, now what?

How RoadLoans works: I got my car loan, now what?
  It’s time for a broad smile. Your RoadLoans approval means you now have a big advantage as you move onto buying your next car. Preapproval gives you the terms of your financing before visiting the dealership so that, on arrival, you can focus on selecting the right model and negotiating a great deal on price. Your next step is to download and print your loan packet, gather the required supporting documents, and visit the preferred dealership located nearby. You’ll find details of your dealership within your loan papers. Alternatively, you can use our dealer locator to find another. We… Read More
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Category: Financing

45 most popular SUVs to buy used, ranked by CarMax

GMC Arcadia SUV
There’s lots to love about SUVs. Whether it’s for ferrying family about town, enjoying a road trip in comfort or doing a spot of hauling, these vehicles have you covered. Their growing popularity is testament to their versatility, but with so many options on the market, it’s always helpful to have some reference points, especially if you’re buying used. Take a look at the 45 most popular SUVs to buy preowned, put together by CarMax, based mainly on sales data for periods of 2018. You can browse the options by different categories across the SUV segment, from AWDs and compacts… Read More
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Category: Car and Driver Tips

Check out average auto loan rates according to credit score

Average car loan rates infographic
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Category: Financing

Coolest new cars under $20K – KBB

Kia Soul -KBB’s coolest car
    There may be no rule for what makes a car cool, but feel-good factors like being fun to drive, stylish, versatile and equipped with the right tech provide some common ground. Coupled with an affordable price tag, these are the criteria that Kelley Blue Book has used for its 2019 list of coolest new cars under $20,000. The top 10 contains a mix of the latest sedans, hatchbacks and SUVs to put a spring in your step, including a number of sporty models and some that score highly for practicality, too. Kia’s Soul compact takes the number one… Read More
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Category: RoadLoans News